Thermoeconomic analysis of a microcogeneration system using the theory of exergetic cost

Cogeneration and trigeneration systems have been broadly employed as part of the strategies oriented toward rational energy use. The assessment of these systems must include simultaneous considerations of costs, irreversibility, energy losses, and their causes. This work presents a step-by-step thermoeconomic analysis of a microcogeneration unit, composed of an internal combustion engine and an NH3-water single-effect absorption refrigeration chiller. The research employed the Theory of Exergetic Cost method to determine monetary and energy costs and the exergy efficiency of equipment. It is therefore, possible to identify which pieces of equipment present the highest impact and focus on these to improve the overall performance of the energy system. Although not part of the Theory of Exergetic cost, exergoeconomic parameters can be calculated to expand the assessment further. The highest specific exergy cost is associated with the endothermic reaction inside the absorber (282 $/GJ), while the lowest specific exergy cost is due to electricity consumed by the pump of the refrigeration system (2.16 $/GJ). The highest exergy efficiency was identified at the condenser (almost 90%, while values under 40% were obtained for the engine, pump, and absorber. The combined analysis of exergoeconomic results indicates that the lowest performances are related to the generator, the absorber, the evaporator, and the regenerator.